Why are G1 figures worth so much?

I don't understand why some of these G1 figures are worth so much. Same with star wars. Why would someone pay insanely high amounts for toys? I mean, I do understand the appeal of having something that is super rare and valuable, but at the same time, it's hard to justify paying 500-2000 dollars for a TOY. I myself have a collection of BW stuff and I love the molds, and I do understand the appeal, but when it comes to paying insanely high amounts, wouldn't it be better to invest in something else? Don't the toy boxes decay over time? So it wouldn't make sense to hold on to these things as investments. I don't know! What are your thoughts?

a) really stupid and bad with finances while making a very meager income.
b) Lives very comfortably. Enough to set aside money for hobbies.
c) Are smart financially and buy and sell to finance their hobby.

How about cars? Why would anyone pay half a million or more for a good performance car that looks pretty when, with labor and such, reality says the car is made for less then 50 k?

Why eat at applebees for 15 dollars when a fast food joint sells just as crappy food for 5 dollars?

I don't understand why some of these G1 figures are worth so much. Same with star wars. Why would someone pay insanely high amounts for toys? I mean, I do understand the appeal of having something that is super rare and valuable, but at the same time, it's hard to justify paying 500-2000 dollars for a TOY. I myself have a collection of BW stuff and I love the molds, and I do understand the appeal, but when it comes to paying insanely high amounts, wouldn't it be better to invest in something else? Don't the toy boxes decay over time? So it wouldn't make sense to hold on to these things as investments. I don't know! What are your thoughts?

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Because there are high-end collectors that are willing to pay high prices.

Some collectors don't have the same monetary constraints as other collectors. These collectors normally have multiple toys worth more than $2000 each.

a) really stupid and bad with finances while making a very meager income.
b) Lives very comfortably. Enough to set aside money for hobbies.
c) Are smart financially and buy and sell to finance their hobby.

How about cars? Why would anyone pay half a million or more for a good performance car that looks pretty when, with labor and such, reality says the car is made for less then 50 k?

Why eat at applebees for 15 dollars when a fast food joint sells just as crappy food for 5 dollars?

-Rich, or have a suitable wage
-Obsessed
-Clever, see it as an 'investment'
-Idiotic
-Doing it for sentimental reasons

Saying this, I've shelled out £120 on a MIB G1 Wheeljack, partly because he's hard to find in a good condition and my favourite character, but I'd never go over £200 for a toy, maybe for a rare one, but I would never buy, say Fort Max. Unless I win the lottery

MIB and MOC Vintage Transformers and Star Wars are worth so much because in the 80s, nobody kept them in box. Packaged pieces from that era are pretty hard to find. In the 90s, toy collectors started coming around, and they kept toys in package way more often.

Star Wars is notorious for this. MOC Star Wars figures from the 90's-Now are barely worth anything, because there are so many of them. To make matters worse, a lot of them were way overproduced. Many are worth even less than retail (Episode 1).

It also comes down to popularity. If it is a popular toy or character, more people want it, and thus the prices go up.

MIB and MOC Vintage Transformers and Star Wars are worth so much because in the 80s, nobody kept them in box. Packaged pieces from that era are pretty hard to find. In the 90s, toy collectors started coming around, and they kept toys in package way more often.

Star Wars is notorious for this. MOC Star Wars figures from the 90's-Now are barely worth anything, because there are so many of them. To make matters worse, a lot of them were way overproduced. Many are worth even less than retail (Episode 1).

It also comes down to popularity. If it is a popular toy or character, more people want it, and thus the prices go up.

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Thank you, finally a serious answer. I do not know much about toys, I'm just getting into it.